HOUSTON – Aker Solutions and Baker Hughes will cooperate on early-phase studies to help customers improve the overall economics and value of oil and gas field developments.
Aker Solutions’ Front End Spectrum unit and Baker Hughes’ Reservoir Development Services group will provide customers with development concept studies that address the entire value chain – from reservoir understanding and well design to subsea and topsides facilities, including flow assurance, and risk management. Initial customer studies are already under way.
The new agreement comes after Aker Solutions and Baker Hughes in 2014 formed the Subsea Production Alliance to develop solutions that aim to boost output, increase recovery rates and reduce costs at subsea fields. The alliance uses Aker Solutions’ capabilities in subsea production and processing and Baker Hughes’ experience in well completions and artificial lift technology to deliver integrated in-well and subsea systems solutions.
The companies said that the importance of cooperating during the early phase of a project was recognized quickly in the alliance.